Finnish startups raise record amount of funding

Finnish startups attracted a record amount of growth funding in 2020: €951 million - almost twice as much as a year earlier (€505 million). 43 percent of the funds came from Finnish investors and 57 percent from foreign investments.

The largest individual investment was a €195 million round raised by phone manufacturer HMD, where the largest investors were Google and Qualcomm.

More information on Finnish Venture Capital Association's website: paaomasijoittajat.fi/en/a-record-year-for-finnish-startups-the-amount-of-funding-raised-nearly-doubled-in-a-year-and-is-already-approaching-the-billion-euro-mark/